Controladora Vuela Compania de Aviacion (NYSE:VLRS) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Controladora Vuela Compania de Aviacion (NYSE:VLRS) from a sell rating to a hold rating in a report published on Sunday morning,Wall Street Zen reports.

Other equities research analysts have also recently issued reports about the stock. UBS Group upped their target price on shares of Controladora Vuela Compania de Aviacion from $9.00 to $11.00 and gave the company a “buy” rating in a report on Wednesday, August 5th. Weiss Ratings reissued a “sell (e+)” rating on shares of Controladora Vuela Compania de Aviacion in a report on Thursday, October 29th. Zacks Research cut Controladora Vuela Compania de Aviacion from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 15th. Finally, The Goldman Sachs Group reduced their price objective on Controladora Vuela Compania de Aviacion from $8.60 to $7.70 and set a “neutral” rating for the company in a research note on Tuesday, August 11th. Three investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $9.40.

Controladora Vuela Compania de Aviacion Trading Up 0.4%

NYSE VLRS opened at $6.88 on Friday. The firm has a 50 day simple moving average of $6.42 and a 200-day simple moving average of $7.69. The company has a debt-to-equity ratio of 10.31, a current ratio of 0.67 and a quick ratio of 0.66. Controladora Vuela Compania de Aviacion has a one year low of $5.45 and a one year high of $10.80.

Controladora Vuela Compania de Aviacion (NYSE:VLRS) last announced its earnings results on Monday, October 26th. The transportation company reported ($0.23) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.19). Controladora Vuela Compania de Aviacion had a negative return on equity of 151.52% and a negative net margin of 6.20%. The business had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $982.29 million. As a group, equities analysts forecast that Controladora Vuela Compania de Aviacion will post -2.45 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. GAMMA Investing LLC boosted its stake in Controladora Vuela Compania de Aviacion by 238.7% in the second quarter. GAMMA Investing LLC now owns 3,265 shares of the transportation company’s stock valued at $31,000 after acquiring an additional 2,301 shares during the period. Royal Bank of Canada raised its holdings in shares of Controladora Vuela Compania de Aviacion by 6,204.9% in the 1st quarter. Royal Bank of Canada now owns 7,755 shares of the transportation company’s stock worth $56,000 after purchasing an additional 7,632 shares in the last quarter. Y Intercept Hong Kong Ltd bought a new stake in shares of Controladora Vuela Compania de Aviacion in the 1st quarter worth approximately $177,000. FNY Investment Advisers LLC acquired a new stake in Controladora Vuela Compania de Aviacion during the second quarter valued at approximately $187,000. Finally, Confluence Investment Management LLC lifted its stake in Controladora Vuela Compania de Aviacion by 5.6% during the third quarter. Confluence Investment Management LLC now owns 32,386 shares of the transportation company’s stock valued at $212,000 after purchasing an additional 1,710 shares during the last quarter. 53.32% of the stock is currently owned by hedge funds and other institutional investors.

Controladora Vuela Compania de Aviacion Company Profile

Controladora Vuela Compañía de Aviación, SAB. de C.V., operating under the Volaris brand, is a Mexican ultra-low-cost airline. The company provides scheduled passenger air transportation, along with ancillary services such as baggage, seat selection and other travel-related offerings.

Volaris began operations in 2006 and serves a broad network of destinations in Mexico, the United States, and Central America. Its business model emphasizes affordable base fares, high aircraft utilization and the separate sale of optional services.

Controladora Vuela is headquartered in Mexico City and is listed on the New York Stock Exchange under the symbol VLRS.